Capital Management Associates Inc Has $866,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

Capital Management Associates Inc increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 34.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,868 shares of the transportation company's stock after purchasing an additional 5,076 shares during the quarter. Capital Management Associates Inc's holdings in Delta Air Lines were worth $866,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DAL. Brighton Jones LLC boosted its holdings in Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock worth $555,000 after purchasing an additional 2,302 shares during the last quarter. Assetmark Inc. boosted its holdings in Delta Air Lines by 25.5% during the fourth quarter. Assetmark Inc. now owns 3,774 shares of the transportation company's stock worth $228,000 after purchasing an additional 768 shares during the last quarter. M&T Bank Corp boosted its holdings in Delta Air Lines by 10.0% during the fourth quarter. M&T Bank Corp now owns 62,906 shares of the transportation company's stock worth $3,806,000 after purchasing an additional 5,693 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Delta Air Lines during the fourth quarter worth $10,408,000. Finally, Arizona State Retirement System lifted its stake in Delta Air Lines by 1.3% in the fourth quarter. Arizona State Retirement System now owns 46,841 shares of the transportation company's stock valued at $2,834,000 after acquiring an additional 613 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Performance

DAL stock traded down $0.80 during mid-day trading on Monday, hitting $50.06. 12,205,003 shares of the company were exchanged, compared to its average volume of 9,818,024. The business has a 50 day simple moving average of $48.36 and a 200-day simple moving average of $52.92. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $32.69 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.49. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. The company's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, July 31st. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a yield of 1.50%. Delta Air Lines's dividend payout ratio (DPR) is 13.30%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DAL. Jefferies Financial Group restated a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Raymond James Financial reduced their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. UBS Group reduced their price target on Delta Air Lines from $66.00 to $63.00 and set a "buy" rating for the company in a report on Monday. TD Cowen lifted their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, April 10th. Finally, Bank of America reduced their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of "Moderate Buy" and an average price target of $61.42.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.